Alimony

Alimony Deduction by Payor and Inclusion by Payee

For any divorce or separation agreement executed after December 31, 2018, or executed before that date but modified after it (if the modification expressly provides that the new amendments apply), alimony and separate maintenance payments are not deductible above the line by the payor spouses and are not taxable to the recipient spouses.

Background: Under old tax law, alimony and separate maintenance payments were tax deductible above the line (without itemizing) by the payor spouses.